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Mark Di Stefano

ANZ’s Nuno Matos buries executives with questionable praise

The Portugese banking chief said executives had been held severely accountable for bank’s mess. The public PR tells something else.

Nuno Matos is in the process of sacking 3500 employees from ANZ. This has, rather understandably, set off a powder keg within the bank. Due to the sheer scale of the task, occurring at this moment of uncertainty, it’s also being closely watched by shareholders and other corporate CEOs.

But some things slip past without scrutiny.

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is Rear Window columnist, based in the Sydney newsroom. He previously worked at BuzzFeed, the Financial Times and The Information before joining the Financial Review as a media and tech correspondent. Connect with Mark on Twitter. Email Mark at mark.distefano@afr.com

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    Original URL: https://www.afr.com/rear-window/anz-s-nuno-matos-buries-executives-with-questionable-praise-20251130-p5njjr